Available Now! (click cover)

America's Counter-Revolution
The Constitution Revisited

From the back cover:

This book challenges the assumption that the Constitution was a landmark in the struggle for liberty. Instead, Sheldon Richman argues, it was the product of a counter-revolution, a setback for the radicalism represented by America’s break with the British empire. Drawing on careful, credible historical scholarship and contemporary political analysis, Richman suggests that this counter-revolution was the work of conservatives who sought a nation of “power, consequence, and grandeur.” America’s Counter-Revolution makes a persuasive case that the Constitution was a victory not for liberty but for the agendas and interests of a militaristic, aristocratic, privilege-seeking ruling class.

Saturday, February 07, 2009

Remember the Broken Window!

The debate over what kind of government spending will "stimulate" or not "stimulate" the economy is beside the point. As Bastiat taught us, and Henry Hazlitt reminded us, you have to consider what is "not seen"--what will not happen if the government borrows and spends scarce resources. That is all that really matters in this discussion. If some Keynesian replies that those resources will remain idle otherwise, ask why he or she is not inquiring into the government policies that make and keep productive resources idle. That would be a better use of time than lobbying for a bogus stimulus bill.

Cross-posted at Anything Peaceful.

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